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eToro is launching a cryptocurrency exchange

After raising $100 million in March, trading platform eToro has announced plans to launch a cryptocurrency exchange and crypto wallet, as well as plans for its first US expansion. eToro started getting into the crypto space in 2014, when it launched contracts for difference (CFDs), and has since allowed users to buy and sell certain cryptocurrencies via the platform. As such, its decision to deploy a crypto exchange does not come as a surprise. Here's what these announcements likely mean for eToro's business: Launching a crypto exchange will further diversify its services. eToro is known for its social features that allow investors to copy ... (full story)